11 Best Performing Healthcare Stocks to Buy Now

2. TransMedics Group, Inc. (NASDAQ:TMDX)

YTD Performance: 78.83%

Number of Hedge Fund Holders: 29

TransMedics Group, Inc. (NASDAQ:TMDX) is a commercial-stage medical technology company that develops and commercializes an organ care system platform. The company focuses on human organ preservation for transplantation to address the limitations of cold storage organ preservation. It takes the second spot on our list of the top-performing healthcare stocks to invest in now.

On April 29, Piper Sandler analyst Matt O’Brien raised the firm’s price target on TransMedics Group, Inc. (NASDAQ:TMDX) to $105 from $90, keeping an Overweight rating on the shares. He then revised the rating on May 6, upgrading it to Buy and maintained a price target of $105.00.

The firm says that it has obtained additional details on the company’s next-generation devices and upcoming significant studies at the International Society for Heart and Lung Transplantation conference.

The clinical trials are a key endeavor for the company, leading to increased positive sentiments for TransMedics Group, Inc. (NASDAQ:TMDX) by Piper Sandler. The firm is also confident that the company is revolutionizing the organ market, which is expected to push the stock higher, even though it will take time.